Foreign Aid in Africa: A Short Term Solution to Long-Term Issues Trade Inequality, Corruption, Aid Dependency & Factors that Hinder Socio-Economic Development in Africa

Insightful article on the politics of foreign aid in Africa

MizzRebelution

Foreign Aid in Africa: A Short Term Solution to Long-Term Issues

Trade Inequality, Corruption, Aid Dependency & Factors that Hinder Socio-Economic Development in Africa africa_infographic_big

We usually believe that that billions of dollars in aid sent from prosperous first world American and European countries to developing African nations have helped to reduce poverty and increase growth. Unfortunately, that is not the case.  In fact, it is the inverse effect.  Over the past five decades, more than $1 trillion in development-related aid has been transferred from wealthy first world countries to countries all throughout the African continent. Has this assistance improved the lives of Africans?  No. Across the continent, the recipients of this aid are not better off because of it.  Why is Africa a continent that receives such a wide spread of investment, yet remains the only continent in the world stuck in a cycle of dysfunction and stagnant decline? …

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